The United States has lost its high credit rating for growing national debt and deficits. International journalist Michelle Makoli says Bitcoin and Gold are worth looking at now. We expect the prices of these two safe assets to skyrocket.
“Look at Bitcoin and Gold,” says Makori.
Journalists shared that Moody’s agency is downgrading its US credit rating from AAA to AA1 based on “revenue and profit rises” that is significantly higher than the similarly rated sovereigns.
Currently, the US citizen debt accounts for $36.2 trillion. Earlier this week, US lawmakers blocked a bill proposed by President Trump to extend the tax cuts he implemented during his first presidential term in 2017.
Michel Makoli believes this development will provide the perfect soil for surge in Bitcoin and gold prices. She noted that the US budget deficit is currently at $1.05 trillion. “10-year yield: 4.48% interest burden: “It’s significantly higher than fellow countries,” she cited Reuters.
Destruction: The US officially loses its last AAA credit rating.
Moody’s downgraded US debt, citing balloon deficits and unsustainable interest costs.
Finance deficit: $1.05 trillion Ytd
10-year yield: 4.48%
Interest burden: “It’s significantly higher than in our fellow countries”…– Michel Makori (@michelmakori) May 16, 2025
“The US currently shares a credit rating with Austria and Finland,” the journalist said, “Hard assets don’t lie. Look at gold and bitcoin.”
Bitcoin stays under ATH despite US-China trade agreements
A report published by on-chain data aggregator Santiment reveals the correlation between the stock market and crypto. The tweet emphasizes that “the market remains within the highest ever distance” despite a trade tariff suspension negotiated by the US and China for 90 days a week ago. Bitcoin is down along with the S&P 500 and Gold.
stock market and crypto remain somewhat correlated. With 90-day tariffs between US and China suspended Monday, the market remains within the highest ever distance.
s&P 500
Current price: $5,953.57
Highest ever: $6,147.43 on February 19, 2025
Internal percentage…pic.twitter.com/jwztocqqdk– santiment (@santimentfeed) May 16, 2025
For each data shared by Santiment, the S&P 500 is currently trading at $5,953.57, less than 3.27% from its February 19th’s all-time high of $6,147.43. Bitcoin has changed hands at $103,502 and sits 5.33% below the January ATH of $109,026.02.
As for gold, it’s trading at $3,196.80 per ounce after reaching an all-time high of $3,509.90 on April 22nd. It is currently almost 10% more than ATH.
The leading Dutch crypto analyst, Michael Van de Pop, believes Bitcoin is currently showing healthy integration and is quickly targeting the new all-time high.
